245 Mattawa Street
North Bay, ON
- 12 bed
- 8 bath
- approx. 5000 + sqft
- Multiplex
- 83 days on market
Investment opportunity with main floor 3 commercial/industrial units plus 5 residential apartments fully updated and turn key. Zoned M-2, this building has seen numerous upgrades to each residential unit plus a fire retrofit inspection 2024, updated hot water boiler in 2017. Residential apartments are 2x3 bedrooms and 3x2 bedrooms, all of which have seen large renovations and updates including kitchens, bathrooms, flooring, lighting, trim, 4 built in all in one laundry machines and most windows. The 3 commercial industrial units are 2075 Sqft, 1700 sqft and 700 sqft with high ceilings and 3 grade loading doors. Whole building is gas hot water and tenants rents are all inclusive except for the hydro cost. Actual Income and expense sheet available including management fees on the residential units, vacancy and maintenance allowances. Other supporting documentation upon request, legal non conforming building, Gross Income $177,309 with Net income $119,124 and a Cap Rate of 7.03 including vacancy, utilities, taxes, maintenance and a 5% property management line. A detailed income and expense statement is available, additional supporting documentation provided upon request. All photos are before tenants moved in.
Listing Details
- Taxes (2026)
- $16,190
- Listed
- June 22, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Age
- 51-99
- Construction
- Brick, Stucco (Plaster)
- Roof
- Asphalt Rolled
- Foundation
- Concrete
- Interior
- Water Heater
- Lot Size
- 164.7 x 37.03 Feet
Parking
- Garage
- Built-In
- Covered Spaces
- 3
- Total Parking
- 17
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Main St. W or Harriet St.
- Zoning
- M2
- Parcel Number
- 491610196
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Carbon Monoxide Detector, Hot Water Tank Owned, Smoke Detector, 5 fridges, 5 stoves, 4 built in all in one laundry machines
Schools
Elementary
- St Alexander Separate School0.6 km
Catholic · Nipissing-Parry Sound CDSB · 105 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 27% met the provincial standard
- Woodland Public School1 km
Public · Near North DSB · 495 students
Grade 3 reading: 52% met the provincial standard · Grade 6 math: 14% met the provincial standard
- École secondaire catholique Algonquin1.2 km
French Catholic · CSDC Franco-Nord · 180 students
Secondary
- École secondaire catholique Algonquin1.2 km
French Catholic · CSDC Franco-Nord · 490 students
Grade 10 literacy: 84% met the provincial standard
- Chippewa Secondary School1.8 km
Public · Near North DSB · 840 students
Grade 10 literacy: 76% met the provincial standard
- St Joseph-Scollard Hall Secondary School1.8 km
Catholic · Nipissing-Parry Sound CDSB · 1160 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P1B
- Population
- 33,113
- Private dwellings
- 16,526
- Median age
- 44.4
- Average household size
- 2.1
- Median household income
- $66,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in North Bay · last 12 months
- Median sold price
- $430,000
- Homes sold
- 695
- Median days on market
- 16
- Sale-to-list price
- 99.6%
Based on 695 recorded sales of residential freehold properties in North Bay over the last 12 months.
Listed by
REALTY EXECUTIVES Local Group Inc. Brokerage
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Location
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Mortgage Calculator
$339,000
Estimated Monthly Payment
$8,327
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,327/mo (20% down, 5.5%)
Taxes: $1,349/mo · Insurance: $424/mo
Estimates only. Consult a financial advisor.
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